Jeppson Wealth Management LLC Lowers Stock Holdings in BHP Group Limited (NYSE:BHP)

Jeppson Wealth Management LLC cut its holdings in BHP Group Limited (NYSE:BHP) by 1.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,430 shares of the mining company’s stock after selling 441 shares during the quarter. Jeppson Wealth Management LLC’s holdings in BHP Group were worth $1,730,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in BHP. XY Capital Ltd lifted its holdings in BHP Group by 503.6% during the third quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock valued at $57,245,000 after purchasing an additional 768,972 shares in the last quarter. Wellington Management Group LLP lifted its stake in BHP Group by 13.0% in the 3rd quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company’s stock valued at $348,041,000 after buying an additional 642,765 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in BHP Group by 3.0% in the 3rd quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company’s stock worth $1,362,996,000 after buying an additional 633,290 shares during the last quarter. Mediolanum International Funds Ltd purchased a new stake in BHP Group during the 3rd quarter worth approximately $33,458,000. Finally, International Assets Investment Management LLC raised its holdings in shares of BHP Group by 6,281.5% during the third quarter. International Assets Investment Management LLC now owns 444,664 shares of the mining company’s stock valued at $276,180,000 after acquiring an additional 437,696 shares during the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

BHP Group Stock Performance

Shares of BHP Group stock opened at $49.89 on Tuesday. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. The business’s 50 day moving average price is $50.59 and its 200 day moving average price is $53.85. BHP Group Limited has a one year low of $48.06 and a one year high of $63.21.

Wall Street Analysts Forecast Growth

BHP has been the subject of several research reports. StockNews.com cut BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 18th. Jefferies Financial Group reduced their target price on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $53.00.

BHP Group Profile

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.